U.S. Capital Wealth Advisors LLC Purchases 1,193 Shares of Crown Castle Inc. (NYSE:CCI)

U.S. Capital Wealth Advisors LLC raised its position in shares of Crown Castle Inc. (NYSE:CCI) by 1.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,819 shares of the real estate investment trust’s stock after purchasing an additional 1,193 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Crown Castle were worth $7,571,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CCI. Vanguard Group Inc. increased its position in shares of Crown Castle by 1.2% during the first quarter. Vanguard Group Inc. now owns 56,609,569 shares of the real estate investment trust’s stock valued at $5,990,991,000 after acquiring an additional 673,243 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Crown Castle by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 6,177,250 shares of the real estate investment trust’s stock worth $603,518,000 after purchasing an additional 67,072 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Crown Castle by 10.7% during the second quarter. National Bank of Canada FI now owns 4,035,561 shares of the real estate investment trust’s stock valued at $387,333,000 after purchasing an additional 391,127 shares in the last quarter. ClearBridge Investments Ltd boosted its position in shares of Crown Castle by 19.4% during the first quarter. ClearBridge Investments Ltd now owns 2,632,855 shares of the real estate investment trust’s stock valued at $278,635,000 after buying an additional 428,597 shares during the last quarter. Finally, Cooke & Bieler LP increased its holdings in Crown Castle by 95.8% in the 2nd quarter. Cooke & Bieler LP now owns 2,578,932 shares of the real estate investment trust’s stock worth $251,962,000 after buying an additional 1,261,536 shares in the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CCI shares. UBS Group raised their price target on shares of Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Royal Bank of Canada raised their target price on shares of Crown Castle from $100.00 to $104.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. The Goldman Sachs Group lifted their target price on shares of Crown Castle from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Bank of America increased their price target on Crown Castle from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. Finally, TD Cowen cut their price objective on Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $116.47.

Crown Castle Stock Performance

Shares of CCI stock traded up $0.42 during trading hours on Wednesday, reaching $110.19. 816,835 shares of the company traded hands, compared to its average volume of 2,627,517. The firm has a 50-day moving average price of $114.01 and a 200 day moving average price of $105.26. The company has a market cap of $47.89 billion, a P/E ratio of 38.93 and a beta of 0.85. Crown Castle Inc. has a 12-month low of $86.49 and a 12-month high of $120.92. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.43.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.03). The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.64 billion. Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.77 earnings per share. As a group, sell-side analysts predict that Crown Castle Inc. will post 6.65 earnings per share for the current fiscal year.

Crown Castle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a yield of 5.68%. The ex-dividend date was Friday, September 13th. Crown Castle’s dividend payout ratio (DPR) is presently 221.99%.

About Crown Castle

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.